Robert I. Kauffman Sells 2,117 Shares of Hagerty, Inc. (NYSE:HGTY) Stock

Hagerty, Inc. (NYSE:HGTY) Director Robert I. Kauffman sold 2,117 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $10.07, for a total transaction of $21,318.19. Following the sale, the director now owns 4,280,673 shares of the company’s stock, valued at approximately $43,106,377.11. This represents a 0.05 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Hagerty Trading Down 0.3 %

Shares of HGTY stock opened at $10.06 on Wednesday. Hagerty, Inc. has a twelve month low of $8.27 and a twelve month high of $12.35. The company has a current ratio of 1.01, a quick ratio of 1.01 and a debt-to-equity ratio of 0.23. The business’s 50 day moving average is $9.88 and its two-hundred day moving average is $10.66. The company has a market capitalization of $3.43 billion, a P/E ratio of 91.45 and a beta of 0.85.

Hedge Funds Weigh In On Hagerty

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. KLP Kapitalforvaltning AS purchased a new position in Hagerty during the 4th quarter worth $31,000. Ancora Advisors LLC acquired a new position in shares of Hagerty during the fourth quarter worth about $46,000. R Squared Ltd purchased a new position in Hagerty during the fourth quarter worth about $51,000. FMR LLC lifted its position in Hagerty by 25,769.2% in the third quarter. FMR LLC now owns 6,726 shares of the company’s stock valued at $68,000 after purchasing an additional 6,700 shares during the period. Finally, BNP Paribas Financial Markets purchased a new stake in Hagerty in the 4th quarter valued at approximately $84,000. 20.51% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Raymond James cut shares of Hagerty from a “market perform” rating to an “underperform” rating in a report on Thursday, December 26th.

Hagerty Company Profile

Hagerty, Inc provides insurance agency services worldwide. It offers motor vehicle and boat insurance products; and reinsurance products. The company provides Hagerty Media, which publishes contents through the Hagerty Drivers Club Magazine (HDC), video content, and social media channels; HDC that offers subscription based products and services, including HDC Magazine, automotive enthusiast events, proprietary vehicle valuation tools, emergency roadside services, and special vehicle-related discounts.